What is an ESOP?
An employee stock ownership plan (ESOP) is a business exit strategy that provides economic value to the owner and employees. It is an alternative approach that is gaining widespread appeal as more and more companies realize the ESOP benefits that can be provided by using this unique and flexible ownership tool.Get in Touch
Benefits of an ESOP
There are many benefits of choosing an ESOP for your company. They include:
ESOP-owned companies are much less likely to participate in layoffs, even during recession, than peers.
You can choose to sell all or part of the businesses and, if desired, remain involved in the business even after the sale.
ESOPs offer a variety of tax benefits, making
it an economically sensible choice for the former owner, company, and employees.